One of the longest-running problems in the Bitcoin ecosystem for businesses has been banking relationships. Prior to NYDIG and their recent efforts to start plugging American banks and credit unions into Bitcoin rails, the only banking options for businesses in the space were Signature Bank in New York and Silvergate out of California. Major banks have been very combative and at odds with businesses in the space for years. Hell, they’ve been combative and at odds with their own customers simply trying to patronize Bitcoin businesses, closing accounts or shutting down cards for years now at this point. No businesses have exemplified the hostile and antagonistic nature of these interactions more than Bitfinex and Tether. Not just in the case of banks either, but legacy regulators.

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